Indian Markets Eye Inflation Data and Iran Conflict
The Indian rupee and bonds will track domestic inflation data and U.S.-Iran conflict updates. Analysts expect April inflation to rise toward the 4% target.
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India markets face volatility as the rupee closed at 94.48 and 10-year bond yields fell 3 bps to 6.9809% last week. The moves follow renewed hostilities between the United States and Iran that kept oil prices above $100. Investors are monitoring how energy-driven inflation impacts the central bank's 4% target and future interest rate decisions.
